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as we can see the dollar has weakened
for a few weeks, fluctuating inside
the 2-month downtrend channel drawn above.
last week it broke very clearly from the top, a sign of a high probability of a change in trend
to secure / deepen this analysis we can observe that the moving averages
also crossed from upside and the moving averages
are located just below, thus...
i personnally wait for the price to break that bull flag before entering and aiming for 1.618 lvl fibonacci retracement
this scenario is approved by an hidden bullish div in the RSI indicator and moving averages still bullish.
seems like a very good trade to take in term of profit and winning rate
filled the gap and rejected trendline
plus we are the top
seems like optimal place to go short
i think it will at least pullback to the 22 000lvl
which is a decisive point at where the market
will decide to rebound on it and form a new wave
up or keep falling if it break through
like if you agree